✨ Financial Statements Notes
152 NEW ZEALAND GAZETTE, No. 7 17 JANUARY 2005
Notes to the financial statements (continued)
For the year ended 31 March 2004
20) Transactions with related parties
(a) Eastland Energy Community Trust
Eastland Network Limited and Eastland Infrastructure Limited are 100% owned by Eastland Energy Community Trust.
Other than payment of Interest on Capital Notes and the payment of dividends there have been no significant transactions between the Lines Business of the Companies and the Trust during the financial year.
(b) Eastland Port Limited
Eastland Port Limited is also 100% owned by Eastland Energy Community Trust and the directors of the Companies are also directors of Eastland Port Limited.
Eastland Network Limited leases land from Eastland Port Limited for a substation. Lease payments are $280 per annum.
21) Financial and efficiency performance measures under Requirement 14 of the Commerce Commission’s Electricity Information Disclosure Requirements 2004.
| 2004 | 2003 | 2002 | 2001 | |
|---|---|---|---|---|
| 1) Financial performance measures | ||||
| a) Return on funds | 9.7 | 12.9 | 14.4 | 11.3 |
| b) Return on Equity | 8.8 | 15.0 | 13.8 | 11.2 |
| c) Return on Investment | 23.2 | 9.3 | 2.4 | -2.6 |
| 2) Efficiency performance measures | | | | |
| a) Direct line costs per Kilometre | $744 | $646 | $1,034 | $1,837 |
| b) Indirect line costs per electricity consumer | $61 | $67 | $67 | $52 |
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 7
Gazette.govt.nz —
NZ Gazette 2005, No 7
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Notes to the financial statements for the year ended 31 March 2004
(continued from previous page)
💰 Finance & RevenueFinancial statements, Related party transactions, Performance measures, Eastland Energy Community Trust, Eastland Port Limited